100%

funded

Total loan: $7,900

Abakundumurimo Agric Cb Group

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, , Rwanda / Agriculture

Abakundumurimo Agric Cb Group's loan finished fundraising,
but these similar borrowers just need a little more help to reach their goals!


A loan helped to buy more fertilizers for Irish-potato growing and also buy more Irish seeds.


Abakundumurimo Agric Cb Group's story

Amiel who is 36 years old and a father of five children aged 9 and 14 years old represents Abakundumurimo Agric Cb. He is a farmer and has been growing Irish potatoes for the past fifteen years. With the loan from Kiva, he would like to buy more fertilizers for Irish-potato growing and also buy more Irish seeds. The profits from his business he will use in growing his business.

The agriculture sector accounts for 37% of Rwanda's gross domestic product, generates 65% of Rwanda's export revenue, and employs approximately 90% of Rwandans (as of 2009). Despite the importance of agriculture to Rwandans and their economy, financial institutions view lending to fund agricultural activities as a high-risk proposition because the profitability of these activities is affected by weather, natural disasters, and price fluctuations. For this reason, farmers in Rwanda remain underserved by financial institutions. Urwego Bank is expanding into this market and is happy to provide Kiva lenders with the opportunity to support Rwandan farmers.

Due to the global pandemic, Urwego was not able to photograph all the members. It was able to get one representative for the group photo.